The Chamber of Commerce and Industry of Romania (CCIR) is a non-profit organization that represents the interests of Romanian businesses, both domestically and internationally.
CCIR was established in 1868, and today it operates as a public institution under the coordination of the Romania Ministry.
CCIR aims to promote and to create favorable conditions for business growth in Romania.
It provides a range of services to its members, including business networking opportunities, trade missions, and training and consulting services.
The Chamber of Commerce and Industry of Romania also plays an active role in promoting Romanian businesses.
CCIR has several regional chambers across Romania and maintains partnerships with various international organizations.
It also cooperates with the Romanian government and other national and international institutions to promote a favorable business environment in Romania.
Overall, CCIR is an important organization for Romanian businesses and entrepreneurs.
Accounting for Commerce and Industry in Romania
If you own a commerce and industry business in Romania, you are required to keep accurate accounting records and submit regular financial reports.
Also to report to various authorities, including the National Trade Register Office (ONRC), the tax authorities, and other relevant bodies.
It is recommended to hire an experienced accountant or accounting firm that specializes in commerce and industry accounting.
Bookkeeping
This involves maintaining accurate and up-to-date records of all financial transactions, including sales, purchases, expenses, and payroll.
VAT accounting
Commerce and industry businesses in Romania are required to charge and collect VAT on their sales, and to pay VAT on their purchases.
Accurate VAT accounting is crucial for ensuring compliance with tax regulations and avoiding penalties.
Financial reporting
Commerce and industry businesses in Romania are required to prepare and submit various:
- financial reports;
- annual financial statements;
- tax returns;
- other statutory reports.
Payroll accounting
This involves calculating and recording employee salaries, taxes, and other payroll-related expenses.
Overall, accurate and timely accounting that we can provide is essential for commerce and industry businesses in Romania.
Maintaining compliance with legal and tax regulations, make informed business decisions, and ensure the long-term success of the business.